News

FREEPORT, Texas -- When Edward Speed, CEO of the $1.3 billion Texas Dow Employees Credit Union and a private pilot, heard that the $150 million Dow Louisiana Federal Credit Union desperately needed cash in the wake of Hurricane Katrina in 2005, the answer was obvious.

LONDON -- The International Accounting Standards Board agreed yesterday to reconsider the application of its International Financial Reporting Standards to credit unions, based on a comment letter submitted earlier this year by World Council of Credit Unions.

WASHINGTON -- Credit unions are doing more to educate their employees and members about share insurance, according to data compiled by NAFCU in its monthly Flash Report released today.

WASHINGTON -- Credit unions are doing more to educate their employees and members about share insurance, according to data compiled by NAFCU in its monthly Flash Report released today.

FREEPORT, Texas -- With Hurricane Ike bearing down on the Texas coast, the $1.3 billion Texas Dow Employees Credit Union said Thursday it has begun using its blogging capability to alert members and employees of the storm track, traffic conditions and public safety announcements.

WASHINGTON -- Data on 21.4 million mortgage applications and originations and 4.8 million purchases in 2007 from 8,610 financial institutions is now available, a government council made up of financial services regulators announced today.